President Obama is expected to sign a bill changing a two-year old-and heavily criticized-flood insurance overhaul.
Last Thursday, all of our local congressional members voted for the bi-partisan bill, reversing those huge increases.
A local office-holder, however, believes the idea behind the original legislation, was to discourage people from building where they could face flood damage.
"And because of that expense and that repeated expense, the flood insurance program is tightening up," says Wood County Commissioner Wayne Dunn, who, a few years ago, considered buying business property located in a flood zone. "Actually, money is being made available to buy these places so they don't flood and they don't repeat paying when these places are flooded."
The measure also will allow below-market insurance rates to be passed on to people buying homes in flood zones with taxpayer-subsidized policies.
Lawmakers who voted in favor of the measure say they were influenced by political interests of all sides, including environmentalists and businesses.
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